Key Points
Intel is delaying the construction timeline for its $20 billion chipmaking project in Ohio amid market challenges and the slow rollout of US grant money, the Wall Street Journal reported on Thursday...
Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project...
We have made a lot of progress in the last year," an Intel spokesperson said, adding that managing large-scale projects often involves changing timelines...
Uncertain demand for its chips used in the traditional server and personal computer markets had led the company to forecast revenue for the first quarter below market estimates late last month...
This came as a shift in spending to AI data servers, dominated by rivals Nvidia and aspiring AI competitor Advanced Micro Devices, sapped demand for traditional server chips - Intel's core data center offering...
You might be interested in
Intel Delays $20 Billion Ohio Project, Citing Slow Chip Market
02, Feb, 24Construction on two factories now is slated to be finished in late 2026.
Tech bellwether Murata sees smartphone market growing this year, driven by 'promising' demand in India
17, Oct, 23The global smartphone market is expected to recover this year due to strong demand in India and other parts of Southeast Asia, according to Murata Manufacturing Co. While demand in China remains weak, momentum in India is promising, with increased adoption of 5G and continued growth in smartphone sales expected due to first-time buyers.
Hotel occupancy to be at decadal highs in Fiscal Year 2025: ICRA
20, Feb, 24India Business News: The Indian hotel industry is expected to report a 7-9% revenue growth in FY2025, driven by domestic leisure travel, MICE events, spiritual tourism, and tier-II cities. Premium hotel occupancy is projected to reach decadal highs of about 70-72% in FY2024 and FY2025. Read more.